Multiple Choice
A debit is used to record a(n) :
A) Decrease in an asset account.
B) Decrease in an expense account.
C) Increase in a revenue account.
D) Increase in the balance of common stock.
E) Decrease in the balance of retained earnings.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q52: The balances for the accounts of Lance's
Q53: The dividends account normally has a credit
Q54: Which of the following accounts is a
Q56: A company sends a $1,500 bill to
Q58: On February 5,Textron Stores purchased a van
Q59: On September 30,Forester Inc.receives its electric bill
Q60: Match the following definitions and terms:
Q61: Based on the following trial balance for
Q62: A written promise to pay a definite
Q135: The journal is known as the book